{"abstract":null,"action":"If a market participant has positions in VIX options but would prefer to hold a corresponding position in VIX futures (such as, for example, to reduce margin or risk related to the option positions), that market participant may swap its VIX options positions with another market participant(s)'s VIX futures positions that have corresponding risk exposure. See Notice, supra note 3, at 44125. The Exchange explains that the transaction between the market participants for the futures positions occurs in accordance with the rules of the applicable designated contract market that lists the futures. See id., n.3 (citing Cboe Futures Exchange LLC Rule 414). The Exchange further explains that these are riskless transactions that carry no profit or loss for the market participants that are party to the transactions, but rather are intended to provide a seamless method for market participants to reduce margin and capital requirements while maintaining the same risk exposure within their portfolios. See Notice, supra note 3, at 44125.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/09/10/2020-20023.html","cfr_references":[],"citation":"85 FR 55869","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":null,"disposition_notes":null,"docket_ids":["Release No. 34-89768","File No. SR-CBOE-2020-060"],"dockets":[],"document_number":"2020-20023","effective_on":null,"end_page":55872,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/09/10/2020-20023.xml","html_url":"https://www.federalregister.gov/documents/2020/09/10/2020-20023/self-regulatory-organizations-cboe-exchange-inc-order-granting-accelerated-approval-of-a-proposed","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-20023?publication_date=2020-09-10","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-09-10/2020-20023/mods.xml","not_received_for_publication":null,"page_length":4,"page_views":{"count":75,"last_updated":"2026-06-24 16:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-09-10/pdf/2020-20023.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-20023.pdf?1599655529","publication_date":"2020-09-10","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/09/10/2020-20023.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"SEC","document_id":"SEC-2020-1446-0001","checked_regulationsdotgov_at":"2020-09-13T01:30:07Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":55869,"subtype":null,"title":"Self-Regulatory Organizations; Cboe Exchange, Inc.; Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Permanently Adopt the Related Futures Cross Order Type","toc_doc":"Cboe Exchange, Inc.","toc_subject":"Self-Regulatory Organizations; Proposed Rule Changes:\n","topics":[],"type":"Notice","volume":85}